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Middle East

Dr. James M. Dorsey Saudi Arabia has stepped up efforts to outflank the United Arab Emirates and Qatar as the Gulf’s commercial, cultural, and/or geostrategic hub. The kingdom has recently expanded its challenge to the smaller Gulf states by seeking to position Saudi Arabia as the region’s foremost sport destination once Qatar has had its moment in the sun with the 2022 World Cup as well as […]

By Saifur Rahman Bilateral trade between Portugal and the UAE grew to US$394.20 million (€324 million) in 2020, up from US$358.3 million in 2019, according to a top official. This reflects the fact that the two-way trade between the two countries increased during COVID-19 pandemic. The volume of non-oil trade exchange between the two countries during the past 10 years amounted to about US$2.89 billion, while the […]

Leading organisations such as Changi Airport Group, Zuelling Pharma and TrickleStar recognised for their resiliency and creativity in harnessing technology to drive growth amidst uncertainty   SINGAPORE – Media OutReach – 11 June 2021 – SAP (NYSE: SAP) today announced winners of the SAP Best Run Awards 2021 for Southeast Asia (SEA). The SAP Best Run Awards, the first of its kind in the region, recognises and […]

By Saifur Rahman Singapore’s Social Loan Company and Dubai-based Aafaq Islamic Finance announced a partnership to deliver mobile-first loan platform that could democratise and disrupt the US$90.91 billion (Dh333.88 billion) consumer credit market in the UAE. The partnership with The Social Loan Company (TSLC), a Singapore-based AI/ML-powered cutting-edge big data-driven credit enablement platform company, will help Aafaq Islamic Finance to set up a trend-setting non-bank, mobile-first loan platform to […]

DUBAI: The United Nations International Children’s Emergency Fund has appointed Egyptian actor Ahmed Helmy as the new regional ambassador for the Middle East and North Africa, the organization

HONG KONG SAR – Media OutReach – 7 June 2021 – Osteoporosis is a common disease with no obvious clinical symptoms in the early stage, while it can eventually cause serious health problems. It is estimated that an osteoporotic fragility fracture occurs every three seconds around the world. To increase the public awareness of musculoskeletal problems and to bust the myths of orthopaedics issues, the Department of […]

RIYADH: Bahrain’s Investcorp Holdings will delist from the Bahrain Bourse after almost four decades due to low trading volumes, Bloomberg reported.The Middle East’s biggest alternative asset manager
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Berry Wong appointed to newly created role of CEO, APAC Nikki Koh appointed as CEO, Singapore Elevated appointments for Klaus Kiessling to Group CFO and Li San Tan to Group COO Global Advisory Council created to build greater synergies across regions HONG KONG SAR – Media OutReach – 2 June 2021 – Charles Monat Associates (CMA), a pioneer in wealth planning and life insurance solutions, today announced […]

By Saifur Rahman Dubai: Bilateral trade between Poland and the UAE has exceeded US$1 billion in recent years, making the UAE the top trading partner of Poland in the Middle East, according to a top government official. “Our total trade with the GCC countries exceeded US$4 billion in recent years (US$4.9 billion In 2019 and US$4.1 billion in 2020), making it the largest trading partner of Poland among […]

– Edward Ler, EVP & Head of Southeast Asia – Edward Kopp, Country President, Korea – Ben Howell, Regional Head of Accident & Health SINGAPORE – Media OutReach – 28 May 2021 – Chubb today announced three leadership appointments for the company’s Asia Pacific business. All appointments will be effective from 1 July 2021: Edward Ler, currently Country President for Chubb’s general insurance business in Korea, has […]

LONDON: Manchester City star Phil Foden has been engaging with supporters in the Middle East as he prepares for the team’s highly anticipated Champions League final against Premier League rivals Chelsea, which takes place in Portugal on Saturday. Foden, now considered one of England’s best talents, discussed topics including switching focus from the Premier League title success, the historical importance of Saturday’s game, and the difficulties which come with trying to win the Champions League.

TEXAS: Organizations in the Middle East and North Africa are among those to have made the most progress in gender distribution over the past five years, according to a survey by CEO community YPF.In the MENA region, 71 percent of companies have made progress in this area, second only to Latin America at 73 percent, and ahead of South Asia at 68 percent, YPF said in its first Global Chief Executive Gender Equality Survey of 2,079 CEOs from 106 countries.YPF’s sample included 23 percent female CEOs, which compares with a global figure of 5 percent, it said.The report showed that gender inequalit

Quick Turnaround Factoring Facility to Safeguard the Manufacturer from Credit Risks Amid Pandemic-related Complications   SINGAPORE – Media OutReach – 27 May 2021 – Global invoice financing marketplace Incomlend today announced a USD2.5 million invoice financing programme for a leading Indian apparel manufacturer. The initiative will bolster the manufacturer’s production and exportation capabilities, safeguarding its vital revenue streams with customers, including fashion retailers across Europe, the USA […]

Awaiting confirmation of contracts worth up to several Billions!   KUALA LUMPUR, MALAYSIA – Media OutReach – 27 May 2021 – In a filing to Bursa Malaysia, Vivocom announced that it has embarked on a strategy of sourcing and supplying commodities and minerals to China and other countries for the foreseeable future in light of the world’s soaring demand and race for scarce commodities to rebuild their […]

HONG KONG SAR – Media OutReach – 25 May 2021 – MTR Corporation (Stock Code 0066.HK) and Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) are pleased to announce their collaboration in launching an online-to-offline (‘O2O’) new retail solution through their respective sub-brands, MTR Shops and Kerry eCommerce, to bring new retail experiences to consumers in Hong Kong. Jeny Yeung, Commercial Director of MTR Corporation […]

DUBAI: Danish trading and investment specialist Saxo Bank is launching a new cryptocurrency product, allowing clients from the Middle East and North Africa to trade crypto coins against some major currencies. The Crypto FX will allow investors to trade Bitcoin, Ethereum, and Litecoin against euros, dollars, and yen from a single margin account, the bank said in a statement. The bank’s clients can trade and hedge both long and short exposure in the three major crypto currencies, it said, and they will be in the form of derivatives and not physical coins.

HONG KONG SAR – Media OutReach – 25 May 2021 – Launching Millésimes Alsace DigiTasting®, the first online trade show with real-life tastings organised by cross-industry experts, is a bold and innovative move by the French region of Alsace. With the show only a few days away, the CIVA (Interprofessional Wine Board of Alsace) has published some preliminary statistics. And it’s a real success! CIVA also unveiled […]

Children want to have a say in matters that affect them, Young Voices study reveals   HONG KONG SAR – Media OutReach – 24 May 2021 – The latest research conducted by Save the Children Hong Kong, a leading international NGO supporting the most deprived and marginalised children, reveals concerns of young people in Hong Kong including family and academic pressure, bullying in school, and safety in […]

CAIRO: The Egyptian Ministry of Health is intensifying efforts to control the fierce third wave of the coronavirus disease (COVID-19) through the largest vaccination center in the Middle East. All of

DUBAI: US singer Kelly Rowland recently appeared on “The Late Late Show” hosted by James Corden, where she performed her most recent single and for the occasion donned a look from the Middle East.

CAIRO: Entrepreneurship in the Middle East and North Africa region has been growing rapidly over the past decade, with a record $1 billion in funding pumped into local startups in 2020 alone,

Tells the story of the brilliant life of Frédéric Zaavy, his unique craftsmanship, and enduring legacy of his aesthetics and works   20 years of preparation, visiting 11 countries to record and unveil the artistry and fluctuating fortunes of the master jeweler Spanning over 240 pages, renowned still life photographers John Bigelow Taylor and Dianne Dubler’s compiled a visual narrative on Zaavy’s works, weaving together hundreds of […]

New study finds emerging markets are driving rapid social networking growth and a shift to live video and voice interaction   BEIJING, CHINA – Media OutReach – 10 May 2021 – Demand from young populations in emerging markets is driving rapid global social networking market growth and a concurrent shift to live video and voice applications. These findings come from new research released by Frost & Sullivan, […]

DUBAI: Rare highlights from Middle Eastern history, including a 1791 engraving showing a panoramic view of Makkah, will feature in auction house Sotheby’s travel, atlases, maps and natural history
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